However, with many COVID-19-related restrictions easing in the following year, the demand for many products incorporating IGBTs picked up, thereby positively influencing the market. Many end-user industries of the market were also affected due to the pandemic, which negatively impacted the market. The outbreak of COVID-19 across the globe significantly disrupted the supply chain and production of the market studied in the initial phase of the pandemic.Other raw materials used in the manufacture of semiconductor devices include impurities such as boron and phosphorus for doping, as well as metals for interconnects, insulators for isolation, and various chemicals for cleaning and etching. These materials are processed and purified to create a crystalline structure, which forms the foundation for building semiconductor devices such as different types of transistors. Semiconductors, such as IGBTs, are made from a range of raw materials, including silicon, germanium, gallium arsenide, etc.Many IGBT options can help achieve those requirements. The latter can be used to power AC loads (e.g., lighting, home appliances, power tools, etc.) using a single-phase AC sinusoidal voltage waveform at a frequency and voltage that depend on the design for which the inverter is intended. In solar inverter applications, inverters convert DC voltage from a solar array panel to AC voltage. IGBTs are a highly suitable option when working with the high power levels found in large-scale renewable projects. Solar and wind applications often use high-power semiconductor devices to optimize generation and network connections.IGBT applications in electric and hybrid electric vehicles include power usage in powertrains and chargers for delivery and control of power regarding motors. It forms an integral part of electric vehicle power supplies, and developments in the field will decrease the cost and increase the range of electric vehicles. Further, the enormous growth in the EV market is also anticipated to drive growth in the insulated-gate bipolar transistor (IGBT) market.Due to the increasing worldwide population and usage of fossil fuels, there has been a rising demand for power-efficient electronic devices. These advantages make them a crucial component of several electronic products. Power transistors, such as IGBTs, help in the rapid dissipation of heat, prevent overheating, and minimize carbon dioxide emissions and the cost of electricity.IGBT is widely used in inverter applications in home appliances like refrigerators, air conditioners, and industrial motors to improve efficiency. The increasing deployment of power device technologies is also expected to strengthen the IGBT market. The market is expected to reach USD 11.56 billion over the forecast period, registering a CAGR of 7.45%. The market for insulated gate bipolar transistors was estimated at USD 7.23 billion. Insulated Gate Bipolar Transistors Market Analysis
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